Hybrid Composites Market Size and Growth Rate:
According to our research report, Hybrid Composites Market size is poised to reach USD xx Billion by the end of 2023 from USD xx Billion in 2017 and this market witnessed a growth rate of xx% during the forecast period 2018-2023.
Hybrid Composites Market Overview:
The Global Hybrid Composites Market is estimated to witness a moderate growth during the forecast period, 2018-2023. Hybrid composites are materials made by combining two or more different type of fibers in a common matrix, which offers a range of properties facilitating their use in many engineering fields where high mechanical properties are required. Their growth is driven by the growing application sectors, involving automotive & transportation, building & construction, aeronautical and marine industries amongst others.
Hybrid Composites Market Growth Drivers:
Hybrid composites provide superior properties of tensile modulus, compressive strength and impact strength which cannot be realized in traditional composite materials. In recent times hybrid composites have been established as highly efficient, high performance structural materials and the demand for their use is increasing rapidly. Hybrid composites are usually used when a combination of properties of different types of fibers have to be achieved, or when longitudinal as well as lateral mechanical performances are required. The investigation of the novel applications of hybrid composites has been of deep interest to the researchers for many years as evident from reports. This paper presents a review of the current status of hybrid composite materials technology, in terms of materials available and properties, and an outline of some of the trends, obvious and speculative, with emphasis on various applications including some details of smart hybrid composites.
Hybrid Composites Market Regional Existence:
The infrastructure industry in Asia-Pacific has been growing at a healthy rate in recent times. Hence, the region is estimated to witness tremendous growth rate over the assessment period in the Cement Board market. The largest revenue segment is construction followed by furniture. The Asia-Pacific region is currently experiencing high investments in residential and commercial construction, especially in China, Japan, Taiwan and South Korea and in developing economies such as India, Malaysia, Indonesia and Vietnam. All of these factors will be supported by the ever-increasing population in the region, urbanization and their increasing purchasing power. Regulations related to VOC emissions are currently being implemented in many regions of Asia-Pacific, and this might also drive the usage of cement boards such as fiber cement board (FCB) and cement bonded particleboard (CBPB).
Prominent Companies in the Hybrid Composites Market analyzed in the report are:
- Toray Composite Materials America, Inc
- RTP Company
- Hexcel Corporation
- LANXESS Corporation
- PlastiComp Inc.
- PolyOne Corporation
This research report includes following segmentation for the Hybrid Composites Market size and forecast until 2023:
Hybrid Composites Market – By Fiber Type:
Hybrid Composites Market – By Resin Type:
Hybrid Composites Market – By End-user:
- Automotive & Transportation
- Building & Construction
- Others (Consumer Goods, Electronics, Wind Mills, etc.)
Hybrid Composites Market – By Geography:
- United Kingdom
- South Korea
Middle-East & Africa
Reasons to Purchase Hybrid Composites Market Report:
- An understanding of the current market dynamics and growth opportunities.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- To understand the dominating end-use segment in the global hybrid composites market.
- Region & countries expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (in excel).